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Highway 18 Accessible Industrial Site
For Lease
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27631 Covington Way SE, Covington, WA 98042

19.74 acre industrial site near Highway 18 available for lease.

Space Size93,600 SF
Lot Size19.74 Acres
Days on Market159

Property Features for 27631 Covington Way SE

General Information

Standard status Active
Size 93,600 SF
Lot size 19.74 Acres
Property subtype Industrial Building & Yard

Spaces For Lease

at 27631 Covington Way SE Contact us

27631 Covington Way SE

Size
93,600 SF
Type
Industrial
Term
Negotiable
Rate
Contact for pricing
Contact us
Listing Agency: NAI Puget Sound Properties
Listed By: Arie Salomon, SIOR, CCIM
Source: Nai-psp
Added: Mar 6 Changed: Aug 8 Last Checked: Apr 5 at 10:22PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Puget Sound Properties

Investment Insights

Based on property information with market context.

This 19.74-acre industrial site is available for lease and may be considered for owner/user sale. Located 6.4 miles from downtown Kent and adjacent to Highway 18, the site provides direct access to both I-90 and SR 167. The property features a 93,600 square foot footprint, with a 2,500 square foot spec office and a 2,500 square foot mezzanine structure, expandable up to 5,000 square feet. The yard area spans 7.85 acres (342,146 square feet). Loading is facilitated by 32 dock-high doors and 2 grade-level doors. The building has a 32' clearance height and a 6" concrete slab. Parking includes 358 trailer stalls and 115 auto stalls. The lot can be fenced and secured. Additional features include an ESFR sprinkler system and typical column spacing of 52’ x 60’. The property is LEED certified and benefits from no local B&O tax. It also offers visibility from Highway 18.

Key Highlights

  • Prime location: Adjacent to Highway 18 with direct access to I‑90 and SR 167, only 6.4 miles from downtown Kent.
  • Significant Yard Area: 7.85 acres (342,146 SF) with the ability to fence and secure the entire 19.74‑acre site.
  • Substantial Loading Capacity: Features 32 Dock High (DH) doors and 2 Grade Level (GL) doors.

Property Analytics

Current Use

Distribution centers

Suggested Use

Top Pick Law Firm Big Box & Wholesale Store Parking Lot & Garage Hotel & Motel Auto Parts Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

682
Businesses Nearby

Demographics for 98042, WA

49,031
Population
17,365
Households
2.8
Avg Household Size
39
Median Age
34%
College-Educated
93%
High-School Grad
27.8 sq mi
ZIP Area
1,764
Density / Sq Mi
$125,554
Median Household Income
$59,882
Median Earnings
$2,121
Median Rent
$613,000
Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Distribution center - 19.74 acre industrial site near Highway 18 available for lease.
Where is this distribution center located?
The property is located at 27631 Covington Way SE Covington, WA.
What are key features of this property?
This property features: Prime location: Adjacent to Highway 18 with direct access to I‑90 and SR 167, only 6.4 miles from downtown Kent.; Significant Yard Area: 7.85 acres (342,146 SF) with the ability to fence and secure the entire 19.74‑acre site.; Substantial Loading Capacity: Features 32 Dock High (DH) doors and 2 Grade Level (GL) doors.
More about this property
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